Frostburg mining journal. [volume] (Frostburg, Md.) 1871-1913, 1887-04-30
THE WESTERN BOOM.

St. Joseph, NO., Still Leading All Competi.
torsin Real Estate Deals and the Acaui.
sition of Substantial Enterprises.
The most noticeable real estate activity
continues to prevail at St. Joseph, Mo-,
says a correspondent of an Eastern paper.
Packing houses and other industrial en-.
terprises, among them the Louisiana To-
bacco Works, are going in at q lively
rate; one of the chief evidences Of the
growth Of the city being the granting Of q
franchise to syndicate Of Kansas City
capitalists for the construction of an ex-
tensive system of cable lines, to be COM
menced at once, and to cost $500, 200.
The best evidence however, is in the show
ing Of actual transactions CLOSED in one week
recently: w. A. P. Mcdonald bought 90
lots in Eastern Extension for 500. He
sold 81 Of them for s10,70o, and sold
the balance at an advance Of $50 per foot
in cost Sam Nave and J. 8. Britton
bought a lot in Patee's addition for
5000 and sold for 5000 in four days
w. H. Constable bought lot 2, block "a,
st. Joseph Extension, for $500, and sold
bought eighty feet, southeast corner Of
Third and Syvanie, for $4,000, and has
been offered nearly double that for it and
refused it. J. NJ. Hill paid $1,000 for
northeast corner of Second and Francis,
and has since refused $4,000. c. w. Brown
900, and sold in six days for 5000. John
Kelly bought two lots in Eastern Extension;
he paid $500; in thirty days he sold for 5000;
1t has since been resold for 81, 200
j. +. Tyler bought lot in Eastern Ex-
tension for $125 and sold to Hubbard for
rt.N r.rx 1A..~
E. Carter bought lot in January in Kem-
per's addition for 500. In three days
after he was offered 81 200, and since then
$1,000. He bought four lots in Robidoux
addition for $4,000; sold for $1,000, and
his purchaser sold for $1,000. Mrs N.
and sold for 81, $50 in three days, and in
four days they were r,sold for 81 400 D.
G. Griswold bought six lots in East St
Joseph for $500 and sold the next day
for $3.50; also thres others for $500
and resold in three weeks for 81 900,
One of the publishers Of Hoye's Direc-
tory speaking Of the Western cities and the
Joseph, where he has just issued the Di-
rectory for 1887: "Not only has st. Joseph
increased in population at . most satisfac-
tory rate, there being an increase in one
year of 5,S46, while the total population in
round numbers is shown to be 60 900; but
oAS sheAo
augurs the outstripping of all competition.
Ten years ago the CITY had scarcely a dozen
manufactures, whereas the year 's7 finds
her with some 10 of all kinds, with thirteen
railroads, the largest stockyards west of
Chicago, some thirteen miles of streets,
paved with asphaltum, and as many miles
more under contract, with the electric motor
soon to be in operation on two of the car
lines. and the cable line an assured fact, and
new enterprises springn up daily on every
hand The demand for real estate has
been steady and active. For the past year
st. Joseph has led almost continually tie
other cities of the United States in bank
clearances, the per cent. of increase over
1896 reaching in one case 1907, and up to
date maintaining an average of almost 100.
Down to Dec. II, 1886, St. Josephs job
bling houses did business of $1l0, $780,
coo, showing an increase in the business OF
1888 over that Of 1865 of 1923, Ill, OPS. A
fair indication Of the increasing business
may be sought in the fact that st. Joseph
now employs force of commercial travellers
numbering lob men"
st. Joseph, more than any other West
ern town, offers the best inducements to
men of small capital to commence a manu-
featuring business, and to mechanics and
laborers to find employment and build de-
sirabls homes